AGL 39.70 Decreased By ▼ -0.43 (-1.07%)
AIRLINK 189.90 Increased By ▲ 0.47 (0.25%)
BOP 9.85 Decreased By ▼ -0.49 (-4.74%)
CNERGY 7.07 Decreased By ▼ -0.14 (-1.94%)
DCL 10.25 Increased By ▲ 0.04 (0.39%)
DFML 41.20 Decreased By ▼ -0.60 (-1.44%)
DGKC 106.06 Decreased By ▼ -2.57 (-2.37%)
FCCL 37.70 Decreased By ▼ -0.89 (-2.31%)
FFBL 93.68 Increased By ▲ 3.77 (4.19%)
FFL 14.99 Decreased By ▼ -0.03 (-0.2%)
HUBC 122.49 Decreased By ▼ -0.74 (-0.6%)
HUMNL 14.29 Decreased By ▼ -0.16 (-1.11%)
KEL 6.40 Increased By ▲ 0.06 (0.95%)
KOSM 8.11 Decreased By ▼ -0.29 (-3.45%)
MLCF 48.65 Decreased By ▼ -0.82 (-1.66%)
NBP 72.25 Decreased By ▼ -2.57 (-3.43%)
OGDC 224.00 Increased By ▲ 10.59 (4.96%)
PAEL 33.64 Increased By ▲ 0.65 (1.97%)
PIBTL 9.68 Increased By ▲ 0.61 (6.73%)
PPL 204.00 Increased By ▲ 4.07 (2.04%)
PRL 33.99 Decreased By ▼ -0.56 (-1.62%)
PTC 26.68 Decreased By ▼ -0.53 (-1.95%)
SEARL 116.85 Decreased By ▼ -1.34 (-1.13%)
TELE 9.66 Decreased By ▼ -0.22 (-2.23%)
TOMCL 36.60 Increased By ▲ 1.18 (3.33%)
TPLP 12.05 Decreased By ▼ -0.52 (-4.14%)
TREET 24.52 Increased By ▲ 2.23 (10%)
TRG 61.00 Increased By ▲ 0.10 (0.16%)
UNITY 35.75 Decreased By ▼ -0.94 (-2.56%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
BR100 12,150 Decreased By -15.1 (-0.12%)
BR30 38,093 Increased By 312.6 (0.83%)
KSE100 114,302 Increased By 121.3 (0.11%)
KSE30 35,805 Increased By 104.1 (0.29%)

ISLAMABAD: Ignite entered into a Memorandum of Understanding (MoU) with Pakistan Innovation & Testing Centre (PITC), a department of Pakistan Engineering Council (PEC), for partnership and collaboration for the growth of entrepreneurs, researchers, industrialists, and academia in engineering innovation in Pakistan.

The event was attended by Shoaib Ahmad Siddiqui, Federal Secretary of IT & Telecom, Asim Shahryar Husain, CEO Ignite, Engr Dr Nasir Mehmood Khan Registrar/Secretary, Brig Tariq Javed (R), Advisor on Innovation and senior officials of the IT Ministry and Ignite.

Speaking on the occasion, Siddiqui said there is no denying the fact that there is urgent need to jump start the economy and improve the business investment environment for tech entrepreneurs.

He further said that this collaboration will be in the best interest of innovators, researchers, industrial and academicians who would be benefited by the massive opportunities emerging due to various initiatives of Ignite and PITC. NIC startups will now get access to these engineering labs for development and testing of engineering products. Ministry of IT has always supported its departments to reach out to relevant organizations who can add value to our innovation and startup ecosystem.

Javed said that PEC has been assigned the lead role for promoting innovative engineering products and local manufacturing of engineering goods, products and services. PEC has established PITC and is facilitating innovators, researchers and product designers to locally develop and manufacture engineering goods/products. PEC has coined a new term i.e. Researchers and Product Development (R&PD) instead of R&D only.

The focus is on collaboration manufacturing and product design/development which has an important aspect of integration between software and hardware. The Ignite and PITC collaboration is the first step which would result in an avalanche of further initiatives.

CEO said that Ignite will facilitate engineering students of PEC accredited institutions and recommended by PITC to apply to network of 5 incubators through their innovative ideas and products. He said that they have been missing engineering-related equipment and facilities at National Incubation Centers. So this partnership with PITC will help us in bridging this gap.

Copyright Business Recorder, 2021

Comments

Comments are closed.